CBAM and carbon price paid

The reporting declarant has to provide in the CBAM report the following information regarding the carbon price paid in a country of origin for the embedded emissions:

(a)     form of carbon price;

(b)     the country of origin;

(c)     any rebate or other form of compensation available in the country that would have resulted in a reduction of that carbon price;

(d)     indication of the provision of a legal act providing for the carbon price, rebate, or other forms of relevant compensation, including a copy of the provision;

(e)     type of product indicated by CN code;

(f)     quantity of embedded emissions covered by the carbon price;

(g)     quantity of embedded emissions covered by any rebate or other form of compensation, including free allocations, if applicable;

(h)     the monetary amount

The trade compliance obligations related to CBAM require the AEO approach: monitoring of internal processes, reporting, KPI, high knowledge of the customs regulations, ongoing risk assessment. The AEO authorization is based on the following pillars: classification, value and origin. These areas are monitored from the self assessment questionnaire.